Sainsbury's deficit shoots up 634% from 2011

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Sainsbury's defined benefit scheme deficit has risen to £763m in the 12 months to October, its half yearly report shows.

The scheme had a deficit of £104m in September 2011 as liabilities increased by 27%, with assets also rising but only by 14%, over the year. In the last six months the deficit rose 65% from £462...

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